A Voucher Is an Internal File That

question 120

Multiple Choice

A voucher is an internal file that:

• A)Is prepared after an invoice is received.
• B)Is used as a substitute for an invoice.
• C)Is used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.
• D)Takes the place of a bank check.
• E)Is prepared before the company orders goods.

---

Definitions:

Paychecks

Regular payments made by employers to employees for the work they have performed, often on a weekly or bi-weekly basis.

Finance Charge

A fee charged for the use of credit or the extension of existing credit, often expressed as an annual percentage rate.

Credit Card Statement

A monthly document provided by credit card companies that details all the transactions, fees, payments, and outstanding balance for the account.

Monthly Credit

Refers to any credit received or applied to an account each month, such as cash back from a credit card or credit for returned items.